Latest News

  • Voter Feelings … (TWTW – Mar 20-24, 2017) March 27, 2017 - Voter Feelings … Thus did Canadian Finance Minister Bill Morneau explain the justification for deficits, while delivering the Trudeau Government’s second annual budget – one described by pundits as a “waiting for Trump” kind of budget… The fact that Russia is according to Bloomberg battening down the hatches in anticipation of USD 40/barrel isn’t – if it proves prescient – Continue Reading
  • A conversation with Vanguard’s top leaders March 23, 2017 - In these brief videos recorded in January, Vanguard Chairman and Chief Executive Officer Bill McNabb is joined by Chief Investment Officer Tim Buckley. They answer investors’ questions on the outlook for the Trump administration, the future of indexing, the state of the global equity market, and a variety of other topics. For an in-depth look at Vanguard’s global economic and Continue Reading
  • Turnill: More room for real estate March 23, 2017 - We believe the U.S. commercial real estate recovery has room to run. Richard explains why with the help of this week’s chart. The U.S. commercial real estate recovery is in its eighth year, but we believe it still has room to run amid reflation, competitive rental yields and potential for operating income growth. This week’s chart helps explain why. Resilient Continue Reading
  • Richardson: Spring Training March 23, 2017 - Heidi discusses whether optimism or sober assessment of valuations and political realities can prevail in the markets. Play ball! Spring training is underway, bringing baseball players back for another season. It is a time of unbridled confidence, when every team imagines it will win the World Series, and every player will have a record-breaking year. As a Red Sox fan, Continue Reading
  • Inglis – the Longevity challenge … March 23, 2017 - We are living longer. Advances in health care, improvements in diet and enhanced fitness programs have contributed to increased life expectancy, with the current life expectancy in Canada at 81.24 years. It is projected to rise further. According to TD, men born in 1931 have a 2.5% chance of reaching 100 and women 5.1%.  Fast forward 30 years to those Continue Reading
  • Escott: Time to Revisit European Equities March 22, 2017 - As with all investment decisions, your timeframe for comparing investments makes all the difference. European equities are a good example of this: in certain cases they look fairly valued, while under other scenarios they appear very attractive.  The performance of the large European equity markets such as the UK and Germany has been in-line with that of the S&P 500 Continue Reading
  • Davis – Not going back to the 80s March 21, 2017 - The U.S. Federal Reserve Board met on March 14 and 15. As expected, the Fed raised its key interest rate target by 25 basis points (0.25 percentage point). The case for a hike was strong: The United States is at more or less full employment. Inflation, which has slowly accelerated, hovers near the Fed’s 2% target. Vanguard expects two to Continue Reading
  • Koesterich – To Hedge or not to Hedge? March 21, 2017 - Although the value of a currency can impact your international holdings, Russ talks about when it makes sense to hedge that effect. After another soft start to the year, the U.S. dollar has been strengthening in recent months. Increasing confidence in a less tentative Federal Reserve (Fed), coupled with higher interest rates, has pushed the dollar up roughly 2.5% from Continue Reading
  • Feds Creds (TWTW – Mar 13-17, 2017) March 20, 2017 - Feds Creds – Annnnd the FED unsurprisingly hiked Fed Funds by 25 bps this past week. What seems to be the most significant shift in general sentiment, is that now, market participants are actually believing the FED when it comes to the “program”. By the program, we are talking about 3 hikes in 2017. This psychological shift is significant, in Continue Reading
  • Mid-Mar 2017 CDN ETFs: AUM update – Onward and Upward … March 16, 2017 - Aggregate CDN ETFs AUM is estimated to have risen a further $2.1 Billion or so since Feb 28, to Mar 15, 2017, reaching CAD 122.3 Billion in the process. The breakdown between net new issuance and further market gains is about 55% net new, and 45% markets. Net inflows went primarily to BMO (+$548MM); Vanguard (+$180MM); RBC (+$92MM); and Horizons Continue Reading